Preliminary rating as of Feb. 12, 2026* Preliminary rating Preliminary amount (bil. ¥) Coupon type Legal final maturity date Overcollateralization ratio (%) § AAA (sf) 25.3 Fixed rate March 10, 2061 28.9 Note: This presale report is based on information as of Feb. 16, 2026. The ratings shown are preliminary. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. Accordingly, the preliminary ratings should not be construed as evidence of final ratings. This report does not constitute a recommendation to buy, hold, or sell securities. *We announced the assignment of our preliminary rating to JHF's series 226 notes on Feb. 12, 2026. This report reflects updated information regarding the receivables pool and the
